Many Chinese retailers are struggling to make ends meet as customers have been increasingly reluctant to spend money. Illustration: Henry Wong
Many Chinese retailers are struggling to make ends meet as customers have been increasingly reluctant to spend money. Illustration: Henry Wong

China’s zero-coronavirus policy has businesses fearing Ghost of Covid Future

  • December and January typically mark the peak shopping period for Lunar New Year gifts, but lockdowns and an uncertain 2022 have crippled domestic consumption
  • There are growing concerns within China over the cost of maintaining such restrictive coronavirus-control measures

Topic |   China's economic recovery
Many Chinese retailers are struggling to make ends meet as customers have been increasingly reluctant to spend money. Illustration: Henry Wong
Many Chinese retailers are struggling to make ends meet as customers have been increasingly reluctant to spend money. Illustration: Henry Wong
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